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    August 5, 2026
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
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    Show AI Summary
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    Show AI Summary
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      Home› news › Customs, DGFT & SEZ › 2012 › December, 2012 › This
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      Customs, DGFT & SEZ

      Marketing of Iron Ore by NMDC

      December 20, 2012

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      Press Information Bureau

      Government of India

      Ministry of Steel

      20-December-2012 16:43 IST

      The Minister of Steel, Shri Beni Prasad Verma has said that sales under export agreements are done on Free on Board (FOB) port basis whereas domestic sales are done on Free on Rail (FOR)/ Free on Truck (FOT) mine basis and as such these two types of prices are not directly comparable.  The export and domestic prices of iron ore of NMDC Limited, during the year 2012-13, are given below: 

      Period

      Domestic price of iron ore (in Rs./Tonne on FOR mine  basis)

      Export  Price of iron ore (in US $/DLT-FOB portbasis)

      Baila

      Lump

      Baila

      Fines

      Baila

      Lump

      Baila

      Fines

      Q1 (April, 2012 – June, 2012)

      5480

      2800

      146.90

      135.20

      Q2 (July, 2012 – September, 2012)

      6190

      3030

      153.60

      141.38

      October’12

      6070

      2690

      131.93

      121.43

      November’12

      5380

      2610

      131.93

      121.43

      In a written reply in the Rajya Sabha today Shri Verma said, Iron ore is in deregulated sector.  Prices of iron ore are fixed by the individual companies based on commercial prudence and general market situation. Being a Navratna Public Sector Enterprise, the commercial and financial decisions of NMDC including pricing of iron ore are taken by the Board of Directors of the company. The Government generally does not interfere in commercial decisions of the company. However, to improve availability of iron ore to domestic iron and steel industry at affordable price, the Government has increased the export duty on iron ore from 20% ad valorem to 30% ad valorem on all grades of iron ore (except pellets) with effect from 30.12.2011.   

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